Morningstar (MORN) Price to Book (2009 - 2026)
Morningstar's Price to Book was 5.72 in Q2 2026, down 30.3% from 8.20 a year earlier and down 9.4% from the prior quarter.
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Analysis
Morningstar (MORN) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Morningstar came in at 7.07, down 20.8% from FY2024.
- In earlier years, Price to Book was 8.92 in FY2024 (-3.2%), 9.21 in FY2023 (+20.8%), 7.62 in FY2022 (-26.8%) and 10.42 in FY2021 (+33.3%).
- The Q2 2026 figure marks the lowest quarterly Price to Book since Q2 2020.
- Compared with a year earlier, Price to Book has declined for seven straight quarters, with an average decline of 14.6% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q3 2021 (growth of 37.8%); the worst was Q2 2026 (a decline of 30.3%).
- Per Business Quant data, MORN's Price to Book in the three quarters before Q2 2026 was 6.31 (Q1 2026), 7.07 (Q4 2025) and 6.36 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 113.90 Bn | 109.50 Bn | 2.98 Bn |
| 2 | Moodys | 76.48 Bn | 68.91 Bn | 1.67 Bn |
| 3 | Msci | 38.99 Bn | 37.33 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.33 Bn | 15.96 Bn | 572.90 Mn |
| 5 | Equifax | 16.47 Bn | 15.87 Bn | 926.40 Mn |
| 6 | TransUnion | 12.16 Bn | 9.14 Bn | - |
| 7 | Factset Research Systems | 9.52 Bn | 8.28 Bn | 310.73 Mn |
| 8 | Morningstar | 6.89 Bn | 4.79 Bn | 423.90 Mn |
| 9 | Mastercard | 480.84 Bn | 440.75 Bn | - |
| 10 | Cme | 94.54 Bn | 94.54 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.72 |
| Mar 31, 2026 | 6.31 |
| Dec 31, 2025 | 7.07 |
| Sep 30, 2025 | 6.36 |
| Jun 30, 2025 | 8.20 |
| Mar 31, 2025 | 7.92 |
| Dec 31, 2024 | 8.92 |
| Sep 30, 2024 | 8.74 |
| Jun 30, 2024 | 8.84 |
| Mar 31, 2024 | 9.53 |
| Dec 31, 2023 | 9.21 |
| Sep 30, 2023 | 8.04 |
| Jun 30, 2023 | 6.77 |
| Mar 31, 2023 | 7.17 |
| Dec 31, 2022 | 7.62 |
| Sep 30, 2022 | 7.65 |
| Jun 30, 2022 | 8.28 |
| Mar 31, 2022 | 8.64 |
| Dec 31, 2021 | 10.42 |
| Sep 30, 2021 | 8.06 |
API Access
Morningstar Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();